First they claimed they were translating it, then remaking the game in Flash using English as the primary language, and now they've disabled and removed the comments to that video. PHAIL was never this great.
EDIT: From that dude's recent activities page:
hanks for understanding. We didn't intend to "fool" anyone. We wanted to make a tide-me-over trailer to start. We wanted to recreate the game at least in Flash or maybe in C++ or XNA but the text is our only issue in some parts of the game which involves choice making and spots where the japanese text is already the bar when it flips in or unfolds.
We've been studying hard on Kyoiku and Joyo kanji so we are being serious with this translation thing. Hiragana n' Katakana we are good at.
We just need to find the part that manages text which we suspect is the TBL file on the disk. In the meantime we just typed in the text manually for a tide-me-over. You probably didn't expect us to know about what went on in the BPK files did you or extract the sprites, pics and sound bites for that matter?
Who are you to judge people for something that is only in planning stages? We only made this trailer to show what we planned on doing in the future. If you worked on this game in the past, then why did you not make an English patch yourself?
It's called a beta trailer for a reason. We managed to rip all the bgs (some we made a slideshow at the end), HUDs, character speaking animation, non-fighting sprites, etc. from the BPK files on the disk and took a couple motion caps too.
As if people are stupid enough to fall for this shit.
EDIT 2: They deleted again most of that stuff. xD